Tex. Finance Code § 33.206
This is the official text of Tex. Finance Code § 33.206, part of Texas’s Finance Code — regulates banks and other financial institutions.
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§ 33.206. INTEREST IN LIMITED BANKING ASSOCIATION; TRANSFERABILITY OF INTEREST.
Official statutory text
(a) The interest of a participant in a limited banking association is the personal property of the participant and may be transferred as provided by the bylaws or the participation agreement.
(b) The bylaws or the participation agreement may not require the consent of any other participant in order for a participant to transfer participation shares, including voting rights.
(b) The bylaws or the participation agreement may not require the consent of any other participant in order for a participant to transfer participation shares, including voting rights.
Status: in_force · Read it on the official government site
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